Recent Posts

Let’s talk about wicks in Forex trading, many things are believed about where to draw trendlines and support or resistance lines. Usually, the question is, “Do I draw the trendline along the wicks of the swing points or just along the bodies of the candles and ignore the wicks?” You will get different answers from different traders about what to do, and that is it can be so difficult for beginners to know what is right and what is wrong. In this article, we will break down the answer for you.

Forex charts will be your view of the marketplace. Your view will directly affect your perspective of the Forex marketplace. So before you go onto trading the forex market, you must decide how you want to see the forex market. Many people have already heard of Japanese candlesticks, but few beginners know there are two other main ways to look at price action in the Forex market.

A timeframe in trading means a period in which trading takes place, which is then represented on a price chart.
Even though the instrument stays the same, each timeframe has a different look and gives a different perspective on the market.

As Forex traders with the leverage we get from Forex brokers we are able to double, triple and even quadruple our trading accounts in a matter of days, this is of course with high risk positions and scalping, but under normal circumstances the outcome is still possible over a longer period of time if the trader is disciplined in following their trading plan and keeping their emotions and psychology balanced.